Locked content Poles have PLN 32 bln in debt

According to the KRD Economic Information Bureau register of debtors, Polish consumers owe PLN 32.5 billion. The register accounts for debts exceeding PLN 200 and 60 days overdue. It currently lists over 2.2 million people. According to KRD, the average debtor is a 36-64-age-old man and lives in Maz...
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Locked content Women more rational in face of debt – survey

As many as 24 percent of Polish women consider their understanding of financial matters as poor, while only 15 percent of Polish men admitted to insufficient financial acumen, according to a survey conducted by pollster Ipsos for educational platform Kapitalni.org. Only 21 percent of women declared ...

Locked content E-store debt way up – KRD

The amount of debt racked up by the growing body of online businesses has increased by one-third, according to the National Debt Registry and Economic Information Bureau (KRD), the organization’s statement released to the Polish press on Tuesday claimed. The total debt is now PLN 172 million, with a...

Locked content Kruk to buy debts from UniCredit worth PLN 4 bln

ItaCapital s.r.l. based in Milan, a subsidiary of Kruk, has entered into binding agreements with entities belonging to the UniCredit Group in Italy – Milan-based UniCredit S.p.A. and Verona-based Arena NPL One S.r.l. – for the purchase of receivables from unsecured consumer loans with a total nomina...

Locked content Kopex prolongs PLN 620 mln debt restructuring with 7 banks

Polish mining equipment producer Kopex has landed a deal with banks on setting the key conditions of the group’s restructuring issue, the company informed in a market filing. The agreement was signed between Kopex (including its units) and such banks as PKO BP, Pekao, ING Bank Śląski, BGŻ BNP ...

Locked content PKP in 2015: PLN 222.9 mln income and PLN 1.77 bln debt

The Polish State Railways (PKP SA) recorded a net profit of PLN 222.9 million in 2015, compared with PLN 219 million in 2014. At the end of 2015, debt reached PLN 1.77 billion and must be paid in full by 2022. However, as a result of completed privatization transactions (including TK Telecom, PKP En...

Locked content Transportation sector with record high debt

The Polish transportation sector’s debt grew by PLN 149 million throughout last year, to PLN 487 million, the National Debt Registry (KRD) reported. In January-December 2015 the percentage of transportation firms in debt increased by 60 percent and totaled 16,038. The average company debt amou...

Locked content 20% of micro firms get loans

On average, 20 percent of micro-enterprises use bank credits designed for businesses, according to the Bureau of Credit Information (BIK). At the end of November last year, 8 out of 10 micro-entrepreneurs benefiting from corporate loans (48 percent) also had a loan as a private person (52 percent). ...